# PPP loan: MERRIMACK VALLEY CORP.
> **$298K** approved 02/22/2021 · Paid in Full · Loan `2953718501`
## Borrower
- **Name:** MERRIMACK VALLEY CORP.
- **Address:** 15 Aegean Dr Ste 3, Methuen, MA, 01844-1558
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 08/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $298K
- **Utilities:** $1
- **Jobs reported:** 77
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*